E-Business
25% of Global Companies to Adopt Big Data Analytics by 2016

Criminals are rapidly evolving their hacking techniques, and are attacking quickly, making timely security and fraud analytics more critical than ever. Big data analytics give enterprises faster access to their own and relevant external information.
Avivah Litan, vice president and distinguished analyst at Gartner, said enterprises can achieve significant savings in time and money when using big data analytics to stop crime and security infractions, by stopping losses and increasing productivity.
Ahead of the Gartner Business Intelligence & Analytics Summit 2014 , being held March 31 – April 2 in Las Vegas, Gartner predicts that by 2016, 25 percent of large global companies will have adopted big data analytics for at least one security or fraud detection use case, up from 8 percent today, and will achieve a positive return on investment within the first six months of implementation.
Ms. Litan said: Big data analytics gives enterprises faster access to their own data than ever before. Big data analytics enables enterprises to combine and correlate external and internal information to see a bigger picture of threats against their enterprises.
It is applicable in many security and fraud use cases such as detection of advanced threats, insider threats and account takeover.
Information needed to uncover security events loses value over time, and timely intelligent data analysis is critical as criminals and bad actors move much more quickly to commit their crimes.
For example, a year or two ago, hackers would look around, conduct extensive cyberespionage on their targets, and then go in for the theft — whether it was for money or information.
Now, hackers — aware of more-effective security and fraud prevention measures erected by their target victim enterprises — simply go directly to the theft without a drawn-out reconnaissance phase.
To address these issues in the past, enterprises relied on various siloed monitoring or detection systems that were optimized for various use cases, such as data loss, financial fraud, or privileged user monitoring.
Now, with big data analytics, enterprises can: Cut down on the noise and false alerts in existing monitoring systems by enriching them with contextual data and applying smarter analytics. This is especially important as the number of security events increase substantially year over year.
Correlate the resulting high-priority alerts across monitoring systems to detect patterns of abuse and fraud, and to get the big picture on the security state of the enterprise.
Pool their internal data and relevant external data into one logical place, and look for known patterns of security violations or fraud.
Profile accounts, users or other entities, and look for anomalous transactions against those profiles.
Remain agile, and stay ahead of malicious actors and activities, via faster tuning of rules and models tested against data streaming in near real time.
Big data analytics is ahead of most organizations’ abilities to successfully adopt them, and most vendors have barely begun to prove their software’s effectiveness, so it’s still early days for this market.
Enterprise are recommended to start small, but think big, and develop a road map that encompasses multiple use cases and applications across the organization. The return on investment (ROI) on big data analytics is typically too big to ignore.
E-Business
Global Crypto Heists Surge to $2.1Bn in H1 2025 as Digital Assets is Weaponised

In a sobering revelation of the evolving threat landscape facing the digital asset ecosystem, blockchain intelligence firm TRM Labs has disclosed that over $2.1 billion worth of cryptocurrency was stolen in the first half of 2025 alone, spanning at least 75 high-profile hacks and exploits.
This staggering figure marks a 10 per cent surge over the previous first-half record set in 2022 and nearly eclipses the total stolen in all of 2024.
But beyond the monetary scale, the report reveals a deeper concern: a growing trend of state-sponsored cyber aggression weaponising crypto assets for strategic and geopolitical purposes.
The most devastating breach to date occurred in February when Dubai-based exchange Bybit lost $1.5 billion—the largest crypto heist in history.
TRM Labs attributes the attack to North Korean state actors, noting that the incident alone accounted for nearly 70 percent of total losses during the period and doubled the average hack size to $30 million.
“The Bybit hack redefined the threat landscape,” the report stated.
“It exemplifies how digital asset theft has transcended criminal opportunism and morphed into a tool of statecraft.”
Indeed, North Korea-linked entities were responsible for an estimated $1.6 billion of the total stolen, further entrenching Pyongyang’s status as the most prolific nation-state threat actor in the crypto sphere.
Yet the menace is diversifying. On June 18, Iranian crypto exchange Nobitex was breached for over $90 million by a group reportedly linked to Israel, Gonjeshke Darande (Predatory Sparrow).
Unusually, the stolen funds were routed to unusable vanity addresses, underscoring symbolic and political motives rather than financial gain.
TRM Labs flagged this as a “disturbing shift,” with digital asset theft increasingly deployed as a weapon in asymmetric geopolitical conflict.
The report also found that more than 80 percent of losses stemmed from infrastructure breaches, including private key theft, seed phrase leaks, and front-end compromises— attacks typically ten times costlier than other vectors.
Meanwhile, DeFi exploits such as flash loan manipulations accounted for 12 percent of losses, reflecting persistent smart contract vulnerabilities despite years of scrutiny.
As digital currencies become enmeshed in global rivalries, TRM Labs warns that conventional cybersecurity approaches are now inadequate.
“Massive breaches, often tied to nation-state operations, require a new defence paradigm,” the firm asserted, urging industrywide adoption of advanced safeguards and cross-border collaboration among regulators and law enforcement.
E-Business
CAC Launches AI-powered Business Registration Portal

Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered registration portal.
A statement issued by the commission explained that Malam Hussaini Magaji, registrar-general of the CAC, made the announcement during the 2025 Stakeholders Forum in Port Harcourt.
According to him, “the initiative is a major milestone in Nigeria’s business facilitation drive.”
The Registrar further explained that the upgraded portal marks a complete overhaul of the Company Registration Portal (CRP), saying that it comes with advanced features designed to simplify and speed up business registration.
The new system, according to him, allows for instant name reservation approvals, likening the ease to creating an email account, and stressing that the AI-powered platform could suggest available alternatives to business names and approve them immediately.
Another innovation, he stated, is the ability to register a business using only the National Identification Number (NIN) of a director or proprietor, pointing out that there is an ambitious target of completing business registration and certificate generation within 30 minutes, subject to real-time NIN validation.
E-Business
Bitget Launches Institutional Services to Empower Fintech Innovation

Bitget has launched its institutional services in Nigeria, offering fintech companies a robust platform to build innovative solutions on top of Bitget’s suite of institutional-grade offerings.
Gracy Chen, CEO, Bitget, in a statement said, “Our goal is to empower Nigerian businesses to innovate and leverage blockchain for wealth creation opportunities, hence, the institutional services empower fintech leaders with tailored solutions, as the offerings designed to cater for the unique operational needs of institutional clients, enabling businesses to embed trading functionalities like spot and futures markets, wallet management, and more, directly into their platforms.
“The Key services include White-label Broker Services which enabled Fintech companies to deploy customized crypto exchanges using Bitget’s infrastructure while managing branding and users independently. There is also API Solutions that can make the Developers to integrate trading functionality via APIs for spot, margin, and derivatives markets, ensuring fast execution and seamless experiences for end users.”
Chen added, “The ND Broker Model provides clients with complete autonomy over user-facing platforms, offering exclusive front-end flexibility while relying on Bitget for back-end market liquidity. Clients are able to employ Protection Fund and Proof of Reserves of over $600million secured in the Bitget Protection Fund and real-time Proof of Reserves, which gives clients assurance of maximum transparency and security.”
- E-Financial2 days ago
Access ARM Pensions Advocates Ways to Boost Civil Servants’ Retirement
- E-Business2 days ago
Firm Warns as Social Media Scams Put Users’ Data at Risk
- Telecom1 day ago
AVEVA Highlights Climate Impact Gains in 2024 Sustainability Report
- General News1 day ago
AfCFTA Opens Opportunity for Logistics Sector
- Telecom2 days ago
MTN Nigeria Launches “Mega Billion Promo” to Reward Customer Loyalty and Drive Financial Inclusion
- E-Business2 days ago
Nigeria Ranks 3rd in Africa for Ransomware Threats –INTERPOL
- Telecom1 day ago
ALTON Explains SIM-related Services Disruption Across Mobile Networks
- General News2 days ago
NELFund Warns Students Against Fake Loan Portal